StockNews.com Initiates Coverage on International Tower Hill Mines (NYSE:THM)

Research analysts at StockNews.com began coverage on shares of International Tower Hill Mines (NYSE:THM - Get Free Report) in a note issued to investors on Monday. The brokerage set a "sell" rating on the stock.

International Tower Hill Mines Stock Down 0.1 %

NYSE:THM traded down $0.00 during mid-day trading on Monday, reaching $0.65. 49,716 shares of the stock were exchanged, compared to its average volume of 198,351. International Tower Hill Mines has a 1-year low of $0.40 and a 1-year high of $0.77. The company has a market cap of $134.92 million, a price-to-earnings ratio of -32.45 and a beta of 0.79. The business's fifty day moving average price is $0.59.

Insiders Place Their Bets

In other news, major shareholder Strategic Opportuniti Electrum acquired 1,152,091 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $0.48 per share, for a total transaction of $553,003.68. Following the transaction, the insider now owns 28,765,672 shares in the company, valued at approximately $13,807,522.56. This trade represents a 4.17 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.46% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On International Tower Hill Mines

Several hedge funds have recently bought and sold shares of the business. Northern Trust Corp acquired a new position in shares of International Tower Hill Mines in the 4th quarter valued at about $46,000. Dauntless Investment Group LLC purchased a new position in International Tower Hill Mines during the fourth quarter valued at approximately $106,000. Tradition Wealth Management LLC acquired a new position in International Tower Hill Mines in the 4th quarter valued at approximately $28,000. Finally, Hemenway Trust Co LLC acquired a new position in International Tower Hill Mines in the 4th quarter valued at approximately $38,000. 54.63% of the stock is owned by hedge funds and other institutional investors.

About International Tower Hill Mines

International Tower Hill Mines Ltd. is a Canada-based resource exploration company possessing a portfolio of Alaskan and Nevada based gold and base metal exploration projects. The Company is currently focused on the Livengood Gold Project located in the north of Fairbanks, Alaska. International Tower Hill Mines Ltd.